ADNOC Secures LNG Supply Deal with India's BPCL

Monday, February 10, 2025

Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India's Bharat Petroleum Corp under a new five-year deal, sources with knowledge of the matter said on Monday.

Indian's state refiner will receive 40 cargos of LNG under the five-year contract with supplies beginning from April, the sources said.

In the initial two years, supplies would be less and will be gradually ramped up, one of the sources said.

ADNOC will sign the deal with BPCL during the four-day India Energy Week conference, the sources said.

During the conference ADNOC will also sign sale purchase agreement with Indian Oil CorpI for a 15-year LNG deal agreed in September last year, the sources said. Supplies under ADNOC's deal with IOC will begin from April next year.

"We do not comment on commercial negotiations," ADNOC said in an email response. BPCL and IOC did not respond to emails from Reuters seeking comments.

The world's fourth largest importer of LNG, India aims to raise the share of gas in its energy mix to 15% by 2030 from 6.2% now.

Indian companies are also looking at buying LNG from the United States, oil secretary Pankaj Jain said earlier on Monday.


(Reuters - Reporting by Nidhi Verma; editing by David Evans)

Categories: Offshore LNG Middle East Industry News Activity Asia Oil and Gas

Related Stories

JERA Lifts First LNG Cargo From Barossa Gas Project in Australia

Inpex Moves to Accelerate Indonesia’s Abadi LNG Project

Thailand's Gulf Energy Eyes Long-Term LNG Supply

CNOOC Makes Major Oil Discovery in Bohai Sea

DOF Bags Two Deals in Asia-Pacific Region

CNOOC Launches New Offshore Oil Development in Southern China

Saipem Nets Multibillion-Dollar Job at World's Largest Offshore Gas Field

Eni Expands Asian Footprint with Long-Term LNG Contract in Thailand

MODEC Forms Dedicated Mooring Solutions Unit

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Current News

Australia and Timor-Leste Push to Advance Greater Sunrise Gas Field

MODEC, Eld Energy Partnership Targets Low-Carbon FPSO Power

JERA Lifts First LNG Cargo From Barossa Gas Project in Australia

Inpex Moves to Accelerate Indonesia’s Abadi LNG Project

Chevron in Final Talks with Eneos, Glencore on Singapore Assets Sale

Seadrill Firms Up Offshore Drilling Workload with Multi-Region Contract Awards

Turkish Petroleum, Chevron Discuss Joint Oil and Gas Exploration

ADNOC Gas Signs $3B LNG Supply Deal with India’s HPCL

Samos Energy Buys Suksan Salamander FSO from Altera Infrastructure

Philippines Makes First Offshore Gas Discovery in Over a Decade

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com